ETI.L - 3364155

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  • Jim Armitage: Toast Enterprise’s boss for proving the true value of pubs
    Evening Standard

    Jim Armitage: Toast Enterprise’s boss for proving the true value of pubs

    Enterprise Inns may still be a large debt pile with a pub company attached, but the balance is shifting. The 370 sites are in the division it calls commercial properties — mainly pubs where the tenant is free from the “tie” that means they have to buy their beer from Enterprise. Ale-loving chief Simon Townsend has spent the past three years carving them out so he can sell them and focus on the more profitable work of running pubs in-house or with the best tied tenants.

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